Marcus & Millichap Directs $5.6M Acquisition of Diablo Plaza in Novato, California

by Amy Works

NOVATO, CALIF. — Marcus & Millichap has negotiated the purchase of Diablo Plaza, a retail property located in Novato. A limited liability company acquired the asset for $5.6 million.

Ethan Pintard of Marcus & Millichap represented the buyer in the deal. The seller was not disclosed.

Located at 975 Diablo Ave., the 10,948-square-foot property was fully leased at the time of sale. Tenants include Panda Express, Orangetheory Fitness and Domino’s. The 38,202-square-foot lot also includes 46 parking spaces.

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